Carrier Global Corporation $CARR Shares Purchased by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. raised its stake in Carrier Global Corporation (NYSE:CARR) by 67.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,460 shares of the company’s stock after purchasing an additional 30,079 shares during the period. YHB Investment Advisors Inc.’s holdings in Carrier Global were worth $4,085,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Apella Capital LLC lifted its holdings in shares of Carrier Global by 93.6% in the 3rd quarter. Apella Capital LLC now owns 18,415 shares of the company’s stock valued at $1,010,000 after purchasing an additional 8,903 shares during the last quarter. Avidian Wealth Enterprises LLC grew its stake in Carrier Global by 114.8% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 10,034 shares of the company’s stock worth $550,000 after buying an additional 5,363 shares during the last quarter. Venture Visionary Partners LLC increased its position in Carrier Global by 9.6% during the third quarter. Venture Visionary Partners LLC now owns 48,912 shares of the company’s stock worth $2,683,000 after buying an additional 4,295 shares during the period. Canandaigua National Bank & Trust Co. lifted its stake in Carrier Global by 11.8% in the third quarter. Canandaigua National Bank & Trust Co. now owns 59,421 shares of the company’s stock valued at $3,260,000 after buying an additional 6,276 shares during the last quarter. Finally, Benedict Financial Advisors Inc. lifted its stake in Carrier Global by 11.3% in the third quarter. Benedict Financial Advisors Inc. now owns 13,799 shares of the company’s stock valued at $757,000 after buying an additional 1,399 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Shares of NYSE CARR traded up $0.51 during mid-day trading on Thursday, hitting $55.51. 1,795,396 shares of the company were exchanged, compared to its average volume of 6,789,072. The stock has a 50 day simple moving average of $58.79 and a 200-day simple moving average of $62.93. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The firm has a market cap of $45.76 billion, a price-to-earnings ratio of 38.56, a price-to-earnings-growth ratio of 1.92 and a beta of 1.29.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the previous year, the company posted $0.92 EPS. Carrier Global’s revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, sell-side analysts forecast that Carrier Global Corporation will post 2.87 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Thursday, October 29th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 29th. Carrier Global’s dividend payout ratio is currently 66.67%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CARR. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Carrier Global from $71.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, September 30th. Zacks Research downgraded shares of Carrier Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Wells Fargo & Company initiated coverage on shares of Carrier Global in a research note on Thursday, September 24th. They issued an “overweight” rating and a $67.00 price objective on the stock. Wolfe Research reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a report on Thursday, July 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.27.

Carrier Global Profile

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.